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How much Cash Should I have?
ferfal.blogspot.com/ ^ | 9/9/12 | FerFal

Posted on 09/10/2012 11:46:26 AM PDT by Kartographer

If you have been reading this blog for some time you already know that there’s much truth in the “cash is king” saying. When disaster strikes the “cash only” signs go up. When you have to buy / sell on the go, cash makes it happen. When banks go on holydays and everyone is looking for an ATM with some money left, Cash not only buys you good and services, it allows you to get some pretty nice deals. Since we’re talking deals, nothing gets you as many of those as a wad of cash at the right time. For someone looking to close a sale, the money being physically within hands reach, literally speaking, is an important factor. When you have to leave everything behind, what you carry with you and what you have in the bank is all you have left, and if the banks happen to go down along with whatever is forcing you to leave, then what you have with you is all you have left. Looking at different events around the world, if there’s one thing all refugees have in common is that they can all use a fat wad of cash.

(Excerpt) Read more at ferfal.blogspot.com ...


TOPICS: Miscellaneous
KEYWORDS: preparedness; preppers; survival
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To: RingerSIX

Moonshine or off the shelf Whiskey. Worth a boatload to a rich alcoholic.


21 posted on 09/10/2012 12:12:01 PM PDT by eyedigress ((zOld storm chaser from the west)/?)
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To: RFEngineer
I’ve got forty thousand French francs in my fridge I’ve got lots of lovely lira, now the deutsche mark’s getting dearer

I had to look in Ye Olde Paper Dictionæry to find out what some of those words meant.

I don't have as much as the blog author recommends, but I did take out some during 2008 in my own personal "walk" on the bank. I gradually added some more smaller bills to that over the past couple years. And with the 0.01% interest my bank is paying on savings I may have lost dollars of interest over the years.

The one big thing I need to store is water. I have a few gallons, but that won't last long.

22 posted on 09/10/2012 12:15:25 PM PDT by KarlInOhio ("Government is the only thing that we all belong to"=implicit repeal of the 13th amendment for all.)
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To: RFEngineer
Money, which represents the prose of life, and which is hardly spoken of in parlors without an apology, is, in its effects and laws, as beautiful as roses.

Ralph Waldo Emerson

23 posted on 09/10/2012 12:15:44 PM PDT by PGR88
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To: Kartographer
I find that it's important to have several fire-starting methods and toilet hygeine options available, not just cash.

/johnny

24 posted on 09/10/2012 12:16:07 PM PDT by JRandomFreeper (Gone Galt)
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To: 21twelve
My old man years ago would keep lots of cash hidden at three locations around the house. ... Heck, even enough money for a couple tanks of gas and food for three days might be a lifesaver depending on the situation.

Unless it's a house fire.
25 posted on 09/10/2012 12:16:38 PM PDT by whattajoke (Let's keep Conservatism real.)
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To: Tugo

Me I keep some small bils, but I have a bucket of change (lots of quaters). If I am able to make any last minute purchases say a two gallon container of gasoline if I pay for it with a handfull of change anyone watching isn’t going to consider me worth robbing other than maybe the gasoline itself, where as some one pulling out a wade of bills would be like throwing blood in the water.

Plus the change actually has some value in the metal they contain, plus quaters make great shotgun loads for zombies. :-)


26 posted on 09/10/2012 12:16:41 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Tugo

I have all kinds. There is “emergency” cash for when the power goes out for a day and the computers are down at the gas station or store. “Emergency” cash for that something on craiglist or the gun show.

And yes - $1, $5 and $10 (and lots of change) for buying a fresh loaf of bread or a gallon of gas after the SHTF.


27 posted on 09/10/2012 12:21:16 PM PDT by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
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To: Kartographer

Rush knows and believes a LOT more than he says on his show, guaranteed.

You can tell when he hints at things.

He has an Uber-bugout set up in New Zealand,
and he has mentioned that he’ll tell us when to panic,
implying that it is a distinct possibility.


28 posted on 09/10/2012 12:22:20 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: goodnesswins

Indeed, Rush tries to stay out of “kookville”, even when the kooks are correct, in order to “maintain credibility”,

which gives this even MORE credibility.

There’s a new book series out by a gov’t/financial insider called “299 days”. The author was interviewed on Spirko’s show. Very credible as well.


29 posted on 09/10/2012 12:24:18 PM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working fors)
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To: Tugo
Some notes on keeping cash around.

Never keep it all in one place. If you have a safe, fine, but that will be the focus of efforts of criminals. If everything is in there, you risk losing it all.

Split it up, and spread it out. Leave a couple of 'low hanging fruit' stashes, heavy on small bills with a couple of big ones inside to look good, in a desk drawer, pocket, wallet or purse. Hide the lion's share elsewhere in envelopes taped to the back of pictures (or inside the frame backing), inside an old lamp, taped to the bottom or back of a drawer, the underside of a chest of drawers, in hollowed out paperbacks, interleaved in the family bible, or anywhere else you can think of. Never put all your eggs in one basket.

Unless you routinely move large sums around, trickle the cash out in three figure sums or the rare four figure transaction. Transactions of as little as 1,000 to 3,000 dollars trip flags with the IRS and have to be reported by the banks. If you know someone who works in banking ask them how large it has to be before it trips a flag.

Keep in mind any search of the premises by LEOs will likely result in the confiscation of large amounts of cash, so, again, break it up and make it look reasonable.

30 posted on 09/10/2012 12:25:01 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: whattajoke

“Unless it’s a house fire.”

Yes - there is that. I have adapted his old ways a bit, to include a hole in the yard. Dad (RIP) lived through the Depression, and probably learned from that to have some stashed away just in case. Later on in life he had a fire-proof safe installed in the basement floor.


31 posted on 09/10/2012 12:26:49 PM PDT by 21twelve (So I [God] gave them over to their stubborn hearts to follow their own devices. Psalm 81:12)
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To: KarlInOhio

Yes. Water is crucial; you can last a couple of weeks with those $1 bills you hoard, but I don’t think you can make it long without water. Husband is trying to finish his windlass for manually drawing water out of the well. - Getting change if the computers go down will be difficult; that’s why everything will probably be rounded off to the nearest dollar. Do get some ones, though, along with the fives and tens. - Oh, and wake me when it’s over!


32 posted on 09/10/2012 12:27:45 PM PDT by Twinkie (In whose eyes a vile person is contemned. Ps. 15:4a)
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To: KarlInOhio

Unless you already have water containers or a cheap source to get them, maybe start grabbing spring water from your grocer. You can get the 2.5 gal container for about $2.30 or so. I’ve got several, and THEY can be refilled once I use them.

When it gets about a year old, I use them to brew and then refill them.


33 posted on 09/10/2012 12:28:03 PM PDT by Mich Patriot (Today if you invent a better mousetrap, the government comes along with a better mouse. RReagan)
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To: Kartographer

Quarters? How do you get quarters in a 12gauge? Or what gauge are you talking of?


34 posted on 09/10/2012 12:29:00 PM PDT by US_MilitaryRules (Unnngh! To many PDS people!)
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To: US_MilitaryRules
Not a fan of Resident Evil I take it? ;-)

35 posted on 09/10/2012 12:35:29 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Kartographer
All of it, I say!


36 posted on 09/10/2012 12:38:06 PM PDT by Revolting cat! (Bad things are wrong!)
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To: Kartographer

Have to disagree. In the words of an old blues tune, “Cash ain’t nuthin but trash.”

System collapses, I don’t care how much cash you have, it won’t be enough.

If you need widgets to live, and all you have is cash, and I have the widgets you need, I know that I can’t USE any of the cash you have, so I’ll just tell you, no deal. Unless of course you have something else I need and value more than cash, like can goods, freeze dried somethings, cans of gas, cans of oil... The little things that one needs to live.

Point of all this to anyone who cares, is to read the other posts here on this thread. There are some terrific ideas about what kind of assets you could (and should) acquire now, while cash can still buy them. Then, when everyone wakes up to the fact that paper money is just paper and not money, you will have the widgets, and the shortsighted will have piles of paper in their pockets.

Parting shot, study up on what happened to Germany after WWI. Some Germans survived nicely. They didn’t rely on paper currency.


37 posted on 09/10/2012 12:42:41 PM PDT by ConradofMontferrat (According to mudslimz, my handle is a Hate Crime. I just Hope they don't like it.)
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To: goodnesswins

Chocolate - sounds like a plan to me!!!


38 posted on 09/10/2012 12:53:50 PM PDT by MasonGal
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To: ConradofMontferrat

Agreed. If you look back the people who sold gold miners stuff came out far better than 95% of the gold miners ever did.


39 posted on 09/10/2012 12:55:48 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: Aevery_Freeman
Number one on your looters' list should be a portable water filter/pump and some iodine tablets. That way you won't be saddled with carrying several gallon jugs around.

Drop the gold and silver, too heavy to carry around. With enough brass and lead, you can collect all the gold and silver you want, later. Try diamonds for portable wealth.

40 posted on 09/10/2012 1:11:50 PM PDT by woofer
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